iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sees Significant Decline in Short Interest

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 188,100 shares, a decline of 8.6% from the March 31st total of 205,900 shares. Based on an average daily trading volume, of 924,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. TIAA Trust National Association grew its stake in iShares ESG Aware MSCI EM ETF by 3.0% during the fourth quarter. TIAA Trust National Association now owns 4,975,624 shares of the company’s stock valued at $159,519,000 after acquiring an additional 145,981 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares ESG Aware MSCI EM ETF by 2.5% in the third quarter. Ameriprise Financial Inc. now owns 2,489,313 shares of the company’s stock worth $75,362,000 after purchasing an additional 59,682 shares during the period. Acorns Advisers LLC raised its position in shares of iShares ESG Aware MSCI EM ETF by 6.4% in the third quarter. Acorns Advisers LLC now owns 904,100 shares of the company’s stock worth $27,376,000 after buying an additional 54,441 shares in the last quarter. Private Ocean LLC boosted its stake in iShares ESG Aware MSCI EM ETF by 56.6% during the fourth quarter. Private Ocean LLC now owns 524,539 shares of the company’s stock valued at $16,817,000 after buying an additional 189,531 shares during the period. Finally, Money Design Co. Ltd. grew its position in iShares ESG Aware MSCI EM ETF by 5.7% during the fourth quarter. Money Design Co. Ltd. now owns 465,433 shares of the company’s stock worth $14,922,000 after buying an additional 25,103 shares in the last quarter.

iShares ESG Aware MSCI EM ETF Trading Up 1.1 %

Shares of NASDAQ ESGE traded up $0.34 during mid-day trading on Monday, hitting $32.61. The company had a trading volume of 650,352 shares, compared to its average volume of 945,312. The stock’s 50-day moving average price is $32.06 and its 200-day moving average price is $31.38. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 11.39 and a beta of 0.75. iShares ESG Aware MSCI EM ETF has a 1 year low of $29.12 and a 1 year high of $33.67.

iShares ESG Aware MSCI EM ETF Company Profile

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market.